Publications
New Tax Measures in Spain as of 2023
On Thursday, the Spanish Government presented a package of tax measures that would come into force as of 2023. These measures include both structural changes and measures of temporary duration during the years 2023 and 2024. Below we summarise some of these measures. Personal Income Tax (“IRPF”) In order to reduce the […]
Personal Income Tax exemption for work carried out abroad by directors and board members
The judgment focuses on determining the scope of the expression “employment income received for work effectively carried out abroad” provided for in Article 7.p) of the Personal Income Tax Act in order to determine whether it can be applied to all employment income or only to some, in particular, to employment income derived from […]
Remote work as a potential permanent establishment risk
Globalisation and technology have brought about a radical change in the international business model to, among other things, divert profits to countries with low or no taxation. This has been significantly aggravated by the pandemic, and remote work has come to our day, but is it here to stay? It seems to be so. After […]
Financial penalties for failure to register the Annual Accounts with the Commercial Registry in due time
Since the entry into force of Royal Decree 2/2021, of 12 January, approving the Regulation for the implementation of Act 22/2015, of 20 July, on the Auditing of Accounts, commercial companies that fail to register their Annual Accounts in due time with the Commercial Registry may be subject to financial penalties. Until the regulation came […]
Remote work from Balearic Islands and tax obligations in Spain
Remote work and global mobility are causing headaches for organisations’ financial and labour department. For personal or professional reasons, companies are either relocating certain employees abroad (i.e. to Spain) or hiring them directly in Spain. They can perform all kinds of tasks, from sales and marketing functions to software development or managing departments or companies, […]
House in Spain: what taxes must French non-residents pay?
Do you have to pay taxes in Spain for a house that you only use a few months a year? And if you rent it, even for a few weeks, what are your obligations? Let’s take a look at the Form 210 for taxes in Spain for non-residents. The Non-Resident Income Tax (IRNR) is a […]
Bové Montero takes part in The NTWK Summit
The NTWK SUMMIT, the first meeting aimed at digital business models at an international level, took place in Barcelona from 5 to 6 May. The meeting addressed issues related to the new digital era and how we are witnessing a full-fledged revolution in which physical assets are increasingly becoming digital. Our partner Andreu Bové took […]
Living abroad and teleworking in Spain: Tax considerations
Living in one country and working in another. This is called professional nomadism and is becoming more and more common. However, beware of the tax rules, especially since Spain has not signed a telework agreement with France. According to data from the Spanish Ministry of Economy, the pandemic has tripled the percentage of people teleworking, […]
Doing Business in Spain”, the practical guide with a focus on the foreign investor
Introducing “Doing Business in Spain”, the practical guide with a focus on the foreign investor: Launch of the twelfth edition of the book, conveniently updated in accordance with the current requirements, and prepared by Bové Montero y Asociados. It presents in a summarised and comprehensive way the procedures for doing business in Spain: it analyses […]
Professional firms in Spain are growing
HLB España ranked 16th among the best professional services firms in Spain The Spanish business newspaper EXPANSIÓN publishes an annual ranking of the largest firms in Spain that provide professional services in the areas of auditing, consulting, legal and transaction advisory. HLB España is represented on this list, claiming 16th place with a total revenue […]
Bové Montero hands out solidarity roses on Sant Jordi’s Day
Sant Jordi’s Day takes place in Catalonia every year on 23 April. It is a typical Catalan celebration lived with great enthusiasm and joy: the streets are filled with people, roses and books to celebrate this festivity. Bové Montero celebrates this day together with the whole team and in solidarity with the AURA Foundation, […]
Bové Montero attends the Conference on Talent in Auditing
The Spanish institute of chartered accountants (ICJCE) has organised a virtual conference entitled “The great challenge: attracting and retaining talent in auditing“. The event was attended by HR managers from several auditing firms, including Bové Montero y Asociados. Attracting and retaining talent in the sector has become a priority issue in recent years. Therefore, this […]
Sales tax: the tax for companies making online sales to US end-customers
European online sellers selling goods to final consumers in the US should be aware of the Sales Tax obligations. Sales Tax generally applies to the sale of goods to final customers (B2C sales). It does not apply to sales carried out between businesses. Hence B2B sales fall out of the scope of Sales Tax. Each […]
2022 Labour Law Updates
Approval of 2021 Labour Market Reform On 30 December 2021, Royal Decree-Law 32/2021, of 28 December, on urgent measures for labour market reform, the guarantee of employment stability and the transformation of the labour market was published. The Royal Decree-Law entered into force on 31 December 2021, even though the main measures will be […]
Company directors: application of the exemption relating to earned income received for work effectively carried out abroad
Company directors: application of the exemption relating to earned income received for work effectively carried out abroad Article 7.p) of the Spanish Personal Income Tax Act On 4 November 2021, the High Court of Justice of Catalonia issued an interesting ruling, which we will comment on briefly as, without doubt, it is a […]